Google Keeps it Going

Google (GOOG) the Net Search Giant posted a profitable net income.  This was big news coming after Microsoft (MSFT) had quite dissimilar reports as there profits dropped over 12%. Google reported earnings of $5.10 per share, up from $4.43 last year and way above the $4.96 that analysts had expected.  Sales for the quarter ended last month and were $4.22 billion, up 24% over last years revenue of $3.39 billion. This was even better as analysts were expecting sales of $4.12 billion.  CEO Eric Schmidt commented "Google performed well in the fourth quarter, despite an increasingly difficult economic environment.  Search query was strong, revenues were up in most verticals, and we successfully contained costs." Under pressures of the widening recession the confidence of the Google Earnings is great to hear after the flattened reports from Microsoft and Nokia (NOK).  Google shares jumped 8% up to $314.78 in after-market trading after Wall Street heard the news.  For all the Google Shareholders this is great noise to your ears as Googles performance was really impressive and shows that if they could do this well during such a tough quarter then it is an indicator of what 2009 will look like for them.  The results Google posted indicate that search advertising continues to look more attractive to marketers in these rough times.  Due to the news i am giving Google the thumbs up and must buy right now.  For a stock that fell 56% last year and once had a high of $700+, $315 its current market price is a steal.  The internet will always be there and Google will always continue to dominate so make the right decision and buy Google and in a couple years it will become one of your smartest acquisitions in 2009.